whether tds should be deducted on the basic tds rates or basic + edu.cess........
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applicability of Edu. & hig. edu.cess on tds rates.
Replies (5)
From 01/10/2009 surcharge and education cess is to be applied only for TDS on Salary u/s 192..
Not only on salary payment but also if payment made to companies.
TDS has to be deducted only at basic rates for companies,firms,individuals,HUFs and Co-operative society.
TDS on salary to be deducted at slab rates as given u/s 192
Also no surcharge to be deducted u/s 192 as the same has been scrapped
please inform me to the percentage of TDS to be collected for a subcontractor (Gysum subcontract) before 1.10.2009 and after 1.10.2009
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